Asked by Alexia Keobangsy on May 05, 2024
Verified
A software engineer installs new software in Dick's computer and returns the computer to Dick.Dick defaults in his payments for the new software.The software engineer loses his right of lien because:
A) this kind of service is not covered under statutory liens.
B) there is no surety or guarantor involved in the transaction.
C) he has given the computer voluntarily without asking for any consideration.
D) the computer rightfully belongs to Dick.
Software Engineer
A professional who applies engineering principles to the design, development, maintenance, testing, and evaluation of the software and systems that make computers or anything containing software, such as chips, operate.
Statutory Liens
Statutory liens are legal claims against property that are established by statute to secure the payment of a debt or obligation, such as tax liens.
- Apprehend the notion and implementation of liens as securities.
Verified Answer
VG
Veronica GurrolaMay 06, 2024
Final Answer :
C
Explanation :
If the artisan or other lienholder gives up the goods voluntarily,he loses the lien.
Learning Objectives
- Apprehend the notion and implementation of liens as securities.